Monthly Archives: February 2016

UK mortgage approvals hit two-year high

Painted property fronts are seen in a residential street in London, Britain, January 29, 2016. Reuters/Toby Melville LONDON British mortgage approvals hit a two-year high in January and consumer credit expanded at the fastest pace in a decade, according to […]

Sentiment a key variable in recent oil production deal

Russia, Saudi Arabia, Venezuela and Qatar have agreed to freeze their crude oil production at January 2016 levels in an effort to rebalance the oversupplied oil markets. Collectively, the four nations produced over 24.2 million barrels per day (bpd) in […]

The euro, like the banking system, is good for the few, not the many

Lord King’s thoughts appear at the same time as David Cameron is trying to persuade us to vote to stay in the European Union. Having offered us a deal which many found underwhelming, the Prime Minister is seeking to change […]

UK energy supply forecasts ‘into the red’ for first time next winter

National Grid confirmed that next winter is the first time since the published data system began in 2001 that it has not forecast a surplus margin of spare power plants in the UK market, and has instead forecast “negative margins”. […]

Bank of England’s Carney warns of zero-sum game from negative rates

LONDON Bank of England Governor Mark Carney warned on Friday that moves by central banks to cut interest rates below zero risked creating a “beggar-thy-neighbour” environment which could leave the global economy trapped in low growth. In a speech to […]

UK consumers least confident in over a year on economic uncertainties

LONDON British consumer morale fell to its lowest in over a year in February as concerns over the economic outlook hurt sentiment, a survey showed on Friday. Market research firm GfK said its overall consumer sentiment indicator fell to 0 […]

Why VAT is just one step on the road to economic reform

It is finally confirmed: we will soon all be paying more for just about everything across the GCC. Leaders from the six states last week reached a long-expected agreement to implement a 5 percent value-added tax (VAT), with implementation to […]

BT’s last chance over broadband

If there were any doubts that BT had dodged a bullet over a long-awaited regulator’s report into its broadband provision, the stock market dispelled them. Shares in BT ended the day almost 5 per cent up, investors breathing a sigh […]

The state of your office desk can reveal lot about your personality

“Cluttered, chaotic, colorful: this is the desk of an extravert. Extraverts are excitement seekers and get easily bored without stimulation so they like to surround themselves with bright lights, materials and knickknacks related to their many activities, and warm, saturated […]

EU elites wrongly believe they have perfected government, so we should leave

Let me explain my apparent leap in logic. It is clear that the post-Cold War, post-industrial world is becoming ever more complex, as a result of a convergence of explosive technological, scientific, economic and geopolitical forces. The question is how […]